What is the Average Car Accident Settlement in South Carolina?
After a car accident, you will incur serious injuries that will incur high medical bills, and you may not be able to return to work right away. If someone else’s negligence caused the crash, you may be entitled to compensation that can help you pay your bills after the wreck and compensate you for your pain and suffering. It is natural to wonder how much you might receive in a car accident settlement. Below, our Daniel Island car accident lawyer explains further.
Understanding Car Accident Settlements
Car accident settlements provide a way for both parties to resolve a car accident case in a way that benefits both sides. A car accident settlement allows victims to obtain compensation for their damages more quickly than filing a personal injury lawsuit. Once a car accident victim accepts the car accident settlement and signs it, the case is resolved and the negligent party does not have to worry about being held liable for paying damages in the future.
What Factors Impact a Car Accident Settlement
No two car accidents are exactly alike and so, there is no way to determine the value of your car accident settlement without examining the facts of your case. Still, there are many factors that will impact the amount of your settlement and these are as follows:
- The severity of your injuries: You deserve compensation for all of your medical expenses and other losses. As such, the more severe your injuries are, the larger the settlement you will receive.
- Insurance policy limits: The insurance company representing the negligent party is only required to pay damages up to the policy’s limits, even if your losses exceed those limits. For this reason, it is very important to identify all liable parties so you can file a claim against each of them, if necessary.
- Your own degree of fault: Under South Carolina’s comparative fault law, your damages will be reduced if you were more than 50 percent at fault for the crash.
- The nature of the accident: The very nature of the accident can also impact the damages you receive. For example, if the other driver was impaired, you may be entitled to punitive damages.
Average Car Accident Settlements in South Carolina
Although every car accident case is unique, the average settlement ranges from $10,000 to $41,000. Still, damages in any case may be much higher or lower than this depending on the facts of the case. If you suffered multiple serious injuries, you may be entitled to much more. If you were not that badly injured, on the other hand, you may not be entitled to as much compensation.
Our Car Accident Lawyer in Daniel Island Can Help You Claim Damages
At Fuller Law Firm, our Daniel Island car accident lawyer knows the severe injuries caused by crashes and can help you claim the full and fair damages that are rightfully yours. Call us today at 843-277-0013 or chat with us online to request a consultation with our experienced attorney and to learn more.
Source:
scstatehouse.gov/code/t15c038.php
